And the water in the City wasn't like the MS Gulf Coast where the water came up, stayed just a bit, then receded. Of course, there, it receded and tended to take a lot of stuff with it. They've had to dredge the Sound, off the Coast ever since the storm. I was down there in June after the storm, and there were still large tree roots sticking up out of the water from big old trees that had withstood several large storms over the last 100 years, and were uprooted and carried out by the receding water. Katrina was too much for them.
If you had some extra bucks, and didn't mind doing the work yourself, you could turn a tidy profit by buying up some of those homes in the Lakeview area of New Orleans and either rehabbing, or tearing down to build new. My nephew was thinking of that, but he couldn't come up with the $40K it was going to cost him to purchase what had been a $400K home, and then bear all the cost of the improvements.
Same here, looking forward to your thoughts and musings on the Crescent City. It’s been years since I’ve been there, we still have a good sized contingent deployed down there.